HashKey Exchange CEO Livio Weng said in an interview with the China Times that the first-day subscription scale of Hong Kong's spot virtual asset ETF exceeded the first-day performance of the US spot ETF, largely because of the support for physical redemption, which brought the entry of the Web 3.0 crowd. During the new subscription period, many ETF investors used the form of bitcoin and ether coins to buy ETFs.
But the significance of the launch of the Hong Kong spot ETF is not limited to the ETF itself, but the symbolic meaning of the traditional Financial Institution Group's full embrace of virtual assets, driving a large number of institutions to enter the market is the highlight. The launch of the Hong Kong spot virtual asset ETF will significantly increase the trading volume and asset custody scale of the Hong Kong virtual asset market. With the large-scale entry of institutions, the liquidity of the virtual asset market will usher in a significant improvement, thus bringing the Hong Kong virtual asset market to a world-class level.
Weng Xiaoqi: The launch of Hong Kong spot ETFs has led to a large number of institutions entering the market
2024-05-11 03:50:53
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